US Crude Oil Inventories Up A Whopping 3.6 Million Bbls; Now Over 7% Of The Five-Year Average - Hallo friendsMY LIVE MY WAY, In the article you read this time with the title US Crude Oil Inventories Up A Whopping 3.6 Million Bbls; Now Over 7% Of The Five-Year Average, We have prepared this article for you to read and retrieve information therein. Hopefully the contents of postings Article my style, Article my way, Article New ways, Article their way, We write this you can understand. Alright, good read.

Title : US Crude Oil Inventories Up A Whopping 3.6 Million Bbls; Now Over 7% Of The Five-Year Average
link : US Crude Oil Inventories Up A Whopping 3.6 Million Bbls; Now Over 7% Of The Five-Year Average

US Crude Oil Inventories Up A Whopping 3.6 Million Bbls; Now Over 7% Of The Five-Year Average

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• US crude oil inventories: increased by another whopping 3.6 million bbls
• inventories now stand at 450.5 million bbls -- breaking through 450 million bbls -- wow
• inventories now 7% above the five-year average for this time of the year -- wow
• WTI, right now, holds steady, drops about 50 cents; barely holding above $51
• refinery operating capacity at: 95.6% -- fairly high, considering
• both gasoline and distillate fuel production slightly higher than their 10.0 and 5.0 - million benchmark
• imports slightly more than same time last year -- refineries need heavy oil to balance light oil; California needs imported oil
• jet fuel produced: up 4.1% compared with same time last year
• by the way, that "five-year average" continues to increase. One needs to look at the historical "norm" -- which for me is 350 million bbls -- 450 is 28.5% greater than the 350-million benchmark

Number of weeks it will take to "re-balance" at this rate:

Week	Date	Change w-o-w	In Storage	Weeks To RB
Week 0	November 21, 2018	4.9	446.9	N/A
Week 1	November 28, 2018	3.6	450.5	N/A

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